General Motors (GM) says semiconductor shortage will impact production in 2021
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General Motors (NYSE: GM) announced:
Semiconductor supply for the global auto industry remains very fluid. Our supply chain organization is working closely with our supply base to find solutions for our suppliers’ semiconductor requirements and to mitigate impacts on GM. Despite our mitigation efforts, the semiconductor shortage will impact GM production in 2021. We are currently assessing the overall impact, but our focus is to keep producing our most in-demand products – including full-size trucks and SUVs and Corvettes – for our customers. However, we can confirm that the following GM assembly plants will take downtime on all shifts the week of Monday, Feb. 8:
CAMI (Ingersoll, Ontario)
San Luis Potosi (Mexico)
In addition, we will take downtime at our Bupyeong 2 assembly plant in Korea and operate at half capacity beginning the week of Feb. 8. Due to the fluidity around the availability of parts, our current plan is to update the plants each week. Our intent is to make up as much production lost at these plants as possible. Importantly, this issue will not impact our commitment to an all-electric future. We will provide further details on this matter when we report our 2020 earnings on Feb. 10.
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